Wednesday, February 22, 2023

Deputies stop car and driver cracks a beer

 Perplexity Ai is “an answer engine that uses large language models to deliver accurate answers to complex questions. It is similar to the ChatGPT/Bing integration and provides answers through a chat-bot style interface. It has been designed to challenge existing search engines such as Google, and some users have suggested adding a “guard” layer between the language model and the user for security.”


FTC releases data on romance scam complaint trends

  • Reported losses finally level off: 2019 --  $493M; 2020 -- 730M; 2021 --1.38B; 2022 -- $1.38B
  • Extortion by asking for explicit photos and demanding money up eightfold since 2019; those 18-29 six times more likely to be victim of this tactic
  • 58% of victims met scammer on social media
  • Largest total losses though crypto; but more victims paid by gift cards, followed by bank wire transfers


DOJ announces it is sending $115 million in refund checks to 40,000 victims who used MoneyGram to send money to fraudsters
 
Thought of the week -- Emotional damage by Fraud A couple of days ago a friend reminded me again of the real harm scammers inflict.  It is easy to focus on the money lost, trends, and what is new.  But the reality is that too much of the time people suffer loss of trust in themselves, depression, and especially with romance frauds, suicide.
 
Emails "from Comcast" claim huge savings.  One regular reader of the BFR contacted me  saying he got such an email, and when he called the salesman already had his name, account number, and the amount of his monthly bill.  When he then called Comcast they said they had received "hundreds or thousands" of similar complaints but had not had a data breach. So be careful.

New links!
Fraud Studies: Here are links to the studies I’ve written for the Better Business Bureau: puppy fraudromance fraud; BEC fraudsweepstakes/lottery fraud,  tech support fraudromance fraud money mulescrooked movers, government impostersonline vehicle sale scamsrental fraud, gift cards,  free trial offer frauds,  job scams,  online shopping fraud, and crypto scams
 
Fraud News Around the world
Humor FTC and CFPB  Virus Benefit Theft Business Email compromise fraud Ransomware  Bitcoin and cryptocurrencyATM SkimmingJamaica and Lottery FraudRomance Fraud and Sextortion